Tuesday, December 20, 2011

HM Revenue Bending rules to do favours for Big Firms.....Only Applicable to Major Companies who want to be let off paying Multi-Million Pound Tax Bill

SO NOW EVEN OUR TAX OFFICE IS ON THE TAKE!, ANYONE LEFT NOT ON THE TAKE?

Tax bosses have been lambasted by MPs for bending rules to do favours for big firms at a cost of millions to the taxpayer - then hiding the details.

The public accounts committee warned millions more were at risk unless procedures were tightened and said senior officials should face punishment for a series of costly failures.

Its report called for safeguards to be put in place to avoid the impression that HM Revenue and Customs (HMRC) enjoyed an "unduly cosy" relationship with major companies.

And the MPs demanded explanations as to why officials wrongly claimed they could not discuss deals with the committee and gave "imprecise, inconsistent and potentially misleading" answers.

Richard Murphy, founder of Tax Justice Network, told Sky News: "I think the MPs are right; there is very clear evidence that there has been a bias in the way that the tax system has been operated.

"Large companies have had a very cosy deal with the HMRC, but small businesses and individuals have had a bad deal in comparison to those. Read More